One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd. s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that s predictable.We have enough money in the bank to last 21 quarters if we keep spending at the same rate as last year, Vijay Shekhar Sharma, chief executive officer of One97 that owns Paytm, said in an interview to Bloomberg TV in Hong Kong.One97, which was founded in 2000 by Sharma, doesn t plan to sell shares in an initial public offering for at least three years, Sharma said.The company has received funding from Intel Capital, private-equity firm SAIF Partners and Fitbit Inc.-backer Sapphire Ventures LLC.A Morgan Stanley fund marked down the value of its investment in Flipkart by more than 25 percent, paring the valuation to $11 billion in less than a year from as high as $15 billion.India s only food-tech unicorn, Gurgaon-based Zomato Media Pvt., saw its billion-dollar valuation slashed in half this month by analysts at HSBC Securities and Capital Markets India .Paytm started as a provider of value-added-services for mobile phones and later evolved into a marketing platform for consumer brands to reach customers via text messages and voice calls.The payment-processing system Paytm is the public face of One97.Its businesses include mobile-recharge services and an e-commerce platform where consumers can find goods including clothing and cameras.
Apple CEO Tim Cook toured China and India last week, and judging from the photos taken of him, it seems like he made some long-lasting memories.But there was one episode outside New Delhi last Friday he'd likely rather forget: According to the Economic Times, Cook had a moment at a store in Gurgaon where he pointed to what was apparently an Apple-branded iPhone case and wondered out loud if it was "counterfeit.Cook thought it's fake as the color and the different packaging is perhaps not sold in the US or some of the other markets.The episode underscores Apple's challenges in India as it hopes to turn the country into another major market for iPhone sales.Apple sells through "authorized dealers" in India, but the lack of a strong network of retailers means that certain stores might see fake knockoff Apple products as a quick route to a buck.That's part of the reason Apple wants to open its own stores in the country — to give Indians a reliable place to buy iPhones as well as increase brand awareness around the country.In fact, the location Cook visited does not show up when you search for certified shops around Gurgaon on Apple's website.The case Cook mistook for a fraud may have been this model that was phased-out in the United States, but the dealer in India might have had leftover stock — and given the prevalence of fake Apple goods in both China and India, it's a justifiable error.Here's what the scene looked like:  Apple CEO Tim Cook visits company's showroom in Gurgaon's Galleria market @htTweets @HTGurgaon pic.twitter.com/C7GFtXPYSJ — Gulam Jeelani @jeelanikash May 20, 2016NOW WATCH: We dare you to oversleep with Dwayne The Rock Johnson s new motivational alarm clock appLoading video...
View photosMoreThe Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi August 9, 2012.REUTERS/Parivartan SharmaWASHINGTON Reuters - Deloitte Consulting LLP has agreed to pay $11.38 million to resolve allegations it submitted false claims under a U.S. government contract, the U.S. Justice Department said on Tuesday.Deloitte, a New York-based consulting company, allegedly failed to comply with a price reductions clause in a contract awarded in 2000 by the General Services Administration for information technology services, the department said in a news release.
Gurgaon, a suburb of New Delhi and home to India headquarters of MNC's like Google, Microsoft and Apple, is about to get driverless electric pods to alleviate the traffic woes faced by thousands of people who commute to their offices daily.SEE ALSO: These futuristic driverless pods will run on Singapore's roads by end of the yearThe pilot project is expected to connect the Delhi border to the interiors of Gurgaon, with 16 stations spread over a distance of 13 km.The driverless electric pods will be suspended from overhead rails, and run at regular intervals.The average speed of the pods is 60 km per hour and they can be used to transport between five to six commuters in each ride.The pilot project is expected to carry 30,000 passengers a day and will cost approximately Rs 8.5 billion $126 million , which is lesser than what it would take to build a metro network over the same distance.
Automated driverless cars are fast-becoming the hot topic in the automotive industry with almost every major manufacturer investing some amount of money into the technology.While it could revolutionise the car industry cities are looking even further ahead, to a time when cars will be replaced altogether.ASSOCIATED PRESS Driverless pods are fast-becoming a cheap and effective alternative to more expensive road-building initiatives.One city in India is doing just that, by investing in a network of driverless taxi pods which will carry up to 30,000 people every single day.Gurgaon, a suburb of New Delhi will be getting the driverless pods in an attempt to try and ease the already crippling traffic that plagues the area every single morning and evening.It should come as no surprise then that the area is home to the Indian headquarters of Google, Apple and Microsoft.
If your Indian suppliers aren't at their most responsive, or you've spent a bit of time on hold to a business process outsourcer over the weekend, look to the heavens for an explanation.Indians are certainly looking in that direction because the nation has experienced deluges in the last few days, with the result being floods in notable IT hubs.In Gurgaon, a city on Delhi's outskirts famed for housing call centres, offices of IT multinationals and a cloud of startups, floods made it more-or-less impossible to travel on Friday and Saturday.Neighbouring local authorities pointed fingers at each other's supposedly lax drain-dredging operations as motorists fumed in traffic jams that went nowhere for five, six or more hours.Closing schools didn't help matters so local employers either asked staff to work from home or waited for staff to arrive whenever possible.In the higher-profile IT hub of Bengalaru, the same rains led to local lakes overflowing onto roads and housing developments built to cater to IT workers.
Startup food delivery businesses may have spoiled globally, but investors in Latin America think at least one startup has a fresh take on the industry.It s the continuation of a very tangled web of connections between the three companies.Consolidation and capital destruction have been the orders of the day globally, with JUST EAT and iFood coming out as beneficiaries.In emerging markets the situation has been even worse.PepperTap, a grocery service backed by Sequoia and Snapdeal.com, shut down in April, following the closure last year of Dazo, a startup with financing from executives at Google and Amazon.Even the country s only food tech unicorn, Gurgaon-based Zomato, saw its billion-dollar valuationslashed in half this month by analysts at HSBC Securities and Capital Markets India .
Google will make it easier for more people in India to purchase apps, music and other items from it Google Play store.The company today revealed that it will be bringing carrier billing option to two of India s largest telecom operators.At its Google Playtime developer event in Gurgaon, Kunal Soni, head of business development at Google Play, said the company will be bringing carrier billing to Airtel and Vodafone, according to one developer who attended the event.The two carriers have over 300 million subscribers between them.As of now, only Idea subscribers in India have carrier billing option.Mashable India has reached out to Google India for comment.
View photosMoreAn employee speaks over his phone as a private security guard looks on at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016.NEW DELHI Reuters - Leading ride-hailing firms have praised an Indian policy blueprint on regulating the taxi industry, saying it would offer their app-based services a chance to flourish despite their concerns about price caps.A committee set up by the Ministry of Road Transport and Highways recently published its findings, stating that India needed one regulatory framework for the taxi industry to promote mobility and discourage car ownership.It also said that aggregators, such as Uber UBER.UL , Ola and Meru, should be included under a "fair, uniform and transparent" regulatory framework, along with radio taxis and traditional city taxis.The report's recommendations came against a backdrop of battles with city authorities on issues such as dynamic, or "surge", pricing that the ride hailing firms say they need to service the $12 billion taxi market reliably."This is an important milestone in the development of ride-sharing in India, and one that will help the industry better serve riders, drivers and cities in the years ahead," said Amit Jain, president of Uber India.
p by Garima Garg /p p India’s Delhivery raises funding from China’s Fosun International /p p Delhivery /p p Founder: Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati /p p Founded In: 2011 /p p Financing status: Continuation of equity financing raised USD 30 million from China’s Fosun /p p The Gurgaon-based Delhivery is an e-commerce logistics service provider.Set up in 2011, from delivering 500 products a day in two cities, it is now delivering 320,000 products everyday in 800 cities across India./p p In the latest round of funding, it has raised USD 30 million from China’s Fosun International.Fosun has also invested in travel startups like MakeMyTrip and Ixigo in India.Other Delhivery investors include Carlyle and Tiger Global.This round of funding is an extension of equity financing round of USD 100 million led by Carlyle Group in March this year.
“Do you like cricket?”, Micromax co-founder, Rahul Sharma, asks me as I settle with my coffee in his meeting room at the Micromax headquarters in Gurgaon.“Well, of course,” I replied, and for the next ten minutes we talked about different batting strategies.In cricket, you are either a pinch-hitting batsman who comes to the pitch, hits few out of the park and be done with it or you are one who’s there for a longer innings.You hit a few to settle yourself and show your intent, then bat steadily in the middle overs taking stock of the opposition, and then get to a big score.It was scoring few runs here and there, but was letting the opposition flash their brilliance (or imprudence) as Micromax took stock of the situation.However, the decline that started in the last few quarters continued in 2017, and right now, Micromax does not even feature in the list of top five smartphone players in the country.
NEW DELHI—SoftBank Group Corp.’s Vision Fund is leading a fresh $250 million round of investment in Indian hotel-booking company OYO , the latest bet from the world’s largest technology fund.The investment will help fuel the Gurgaon, India-based company that has used technology and standardization to help match thousands of independent small hotels with customers and build what it calls “India’s largest branded network of hotels.”Launched in 2013, the startup began by connecting India’s many budget hotels, which were typically offline and often could only be reached for reservations via phone.The company now has 8,500 hotels on its platform across more than 200 Indian cities, and operates in a few locations in Nepal and Malaysia, a spokeswoman said Friday.Justin Wilson, operating partner at SoftBank Group International, said in a statement that SoftBank would support OYO’s mission to expand to other markets globally.The startup may use the funds to bring its operations to new locations in Southeast Asia and elsewhere, according to an OYO spokeswoman.
Spectranet has been one of India’s fastest fiber internet service provider covering Delhi, Mumbai, Chennai, and Bangalore, for almost a decade.The Gurgaon based broadband provider was recently ranked by Netflix as the fastest ISP in India.And now, the company has undergone a massive rebranding as they gear up to more on the business to customer services, in addition to enterprise and businesses.With a new brand, Spectra aspires to deliver not just speed but will also follow on three principles - Speed, Service, and Simplicity.The company will provide more services to its customers apart from being a high-speed internet with unlimited data usage, by bringing a new level of broadband experience to consumers.Speaking to TechRadar India in an exclusive interaction, MD & CEO Udit Mehrotra explained Spectra’s vision going forward.
How to stay in tune with its ethos even as it expands fast in global markets with local partners is a question that pops up more and more.It announced an investment of US$4.4 billion from Japanese giant SoftBank last month, brought on board a Chinese consortium led by Hony Capital, and acquired Spacemob in Singapore to drive its expansion across Southeast Asia.It partnered Bangalore real estate billionaire Jitendra Virwani’s Embassy Group to enter India in July, and redesigned a relic from the past – movie theater Galaxy – into a 145,000-square-foot co-working space.An even larger space of 190,000 square feet came up soon afterwards in Mumbai’s business hub of Bandra Kurla Complex, even as two more locations at Embassy Golf Links IT park and Koramangala in Bangalore are being readied for launch later this year.And in early 2018, the tech hub of Gurgaon near Delhi will have a WeWork too.The goal is to build up 6 million square feet of WeWork space in India over the next four years, says Virwani.
HMD Global has announced its most affordable Nokia device as yet, the Nokia 2.The much-rumored Nokia 2 was launched in India at a global launch event in Gurgaon, a suburb of New Delhi, today.The Nokia 2 runs pure Android 7.1 Nougat out of the box and comes with HMD Global’s promise of monthly security updates as well as an upgrade to Android 8.0 Oreo.The Nokia 2 brings together crafted aluminum with sculpted polycarbonate at the back.The highlight of the smartphone is its 2-day battery life, as the company claims.It also packs in IP52 drip protection.
Indian liquor manufacturer Radico Khaitan has named ADK-Fortune as its creative agency to lead the brand campaigns for Magic Moments Vodka portfolio, Morpheus Brandy and Rampur Single Malt.The account will be handled out of the agency’s Gurgaon office.Amar Sinha, CEO Radico Khaitan, said: “We are happy to bring on board ADK Fortune to drive the advertising and communication strategy of our premium brands portfolio.We currently hold market leadership position in the Premium Vodka and Brandy Segments.""We also hold dominant position in the defence business besides exporting our flagship brands to more than 70 countries globally.We are sure that the combination of the Radico’s think tank and ADK’s strong creative and communication team backed with a track record of successful campaigns for some of the most admired brands of India will take the company to the next level.”
In a press event in Gurgaon, a suburb of New Delhi, Vivo announced the launch of its new addition to the V series, the Vivo V7, in India.The highlight of the Vivo V7 is the same as the V7+ launched in September this year – the 24 MP front camera, along with a 16 MP rear camera.Both smartphones also feature FullView displays with 18:9 aspect ratio, although the V7 sports a 5.7-inch HD (1440 x 720) display as opposed to the 5.99-inch one found on the V7+.Vivo has always endeavored to provide the best-in-class performance, especially when it comes to selfie camera capabilities.With the launch of V7, we are offering consumers another compelling proposition featuring an excellent camera and powerful performance at a competitive price point.– Kent Cheng, CEO, Vivo India
Xiaomi's strong online presence and offline expansion through ‘Preferred Partner’ programmes and Make in India Stores fostered it to overtake Samsung in smartphone sales in India according to a research by International Data Corporation's (IDC).Xiaomi registered 120% growth in the Q32017 an lead the market share in 50 major cities.Redmi Note 4 contributed more than 40% of the volumes and is also the highest selling model within the top 50 cities of India.Trailing Xiaomi is Samsung with 15% quarterly growth in Q32017.Xiaomi and Samsung are followed by Lenovo, Vivo and Oppo.Meanwhile, Tier II cities Bhopal, Gurgaon, and Jaipur have emerged as the fastest growing cities with 40 l% more growth rate from the previous quarter.
Environmental degradation has influenced water majorly.Increased industrial development and wastes coming from it has affected the water bodies immensely.These water bodies are where we used to get our drinking water from.There are very few lakes, ponds, seas and oceans which can witnessed with clear water rest all are visibly impure.RO Purifiers Gurgaon and RO Purifier Delhi are not important only because they can remove the impurities of water.There are many minerals which are naturally present in the water but if consumed in excess, these minerals might have drastic effect on us.We all know that having a water purifier is a must in order to protect ourselves and our loved ones from water borne diseases.Which kind of purifier is actually the best?The mechanical principles of the water purifier and water filters are same.
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